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Beijing commercial property transactions surge

(China Daily)

08:40, March 15, 2013

Transactions of commercial properties and office buildings in Beijing surged 320.5 percent in the first 10 days of March month-on-month, data from Century 21st showed on Thursday. Around 759 units of commercial properties were sold and registered online by March 10, accounting for 6.3 percent of all the transactions recorded in the period. Compared with the same period of last month, the figure is up 320.5 percent. The surge in the commercial property transactions follows the latest moves by the State Council to control the property market.

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